Staff Reporter
New Zealand’s central bank governor resigns
New Zealand’s central bank governor resigns
Christian Hawkesby will serve as acting governor until 31 March 2025.
South Korea’s industrial lending up $2.27b in Q4 2024
Loans to working capital fell but rose for facilities investment.
Siam Commercial Bank unveils online gold trading service
It offers real-time transactions starting at 0.1 troy ounces.
Finance workers expose data by using personal apps: report
ChatGPT ranked 8th amongst the most common platforms for such violations.
Taiwanese banks’ total outstanding loans rise to $11.89b in Jan
The NPL ratio rose to 0.16% and NPL coverage ratio fell.
DBS CEO Piyush Gupta earned $17.58m in 2024
About $9.35m of this is a deferred award, of which 17.1% will be in cash.
Razorpay rolls out payments platform to Singapore
It offers AI agents and a magic check-out service.
Australia’s G&C, Unity Bank officially merge
G&C will maintain a strong capital position but faces integration risks, S&P said.
Hong Kong’s uFinance offers student loans to college students
They can borrow up to $21,050 per semester, at an interest rate of 6%.
Philippine bank lending rises on higher credit card, motor loan demand
Lending to key industries such as real estate and retail trade also rose.
MAS bans credit use for cryptocurrency purchases
MAS aims to help consumers avoid losses from crypto investments.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Citi Indonesia names Wit Oemar as head of corporate banking
He is one of the founding members of Citi Commercial Bank in Indonesia.
Proposed capital injection to help Chinese megabanks expand loans
It will mitigate pressure from weakening internal capital generation, S&P said.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
CIMB launches 6-year roadmap to enhance operations
Forward30 aims to position CIMB for long-term growth.
DBS boosts sustainable financing to $89b in 2024
Customers invested over S$42m in sustainable funds.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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